Matching of Transactions to Effects on Statement of Changes in Net Assets for a Hospital
Match the transactions on the left with the effects of the transactions on the statement of changes in net assets for a private, not-for-profit hospital.
| Transactions | Effects of Transactions on Statement of Changes in Net Assets | |
1. | Patients billed for services rendered. | A. | Increases unrestricted |
2. | Realized a gain from the sale of securities that are |
| net assets |
| permanently invested. | B. | Decreases unrestricted |
3. | Recorded depreciation expense for the year. |
| net assets |
4. | Designated assets for plant expansion. | C. | Increases temporarily |
5. | Contributions restricted for research activities received. |
| restricted net assets |
6. | Contributions restricted for equipment acquisition. | D. | Decreases temporarily |
7. | Acquired equipment with all of the contributions received |
| restricted net assets |
| in item 6. | E. | Increases permanently |
8. | Earned endowment income. The donor placed no |
| restricted net assets |
| restrictions on the investment earnings. | F. | Decreases permanently |
9. | Expended 50 percent of the contributions restricted for |
| restricted net assets |
| research in item 5. | G. | Does not affect the |
10. | Received cash contribution from donor who stipulated the contribution be permanently invested. |
| statement of changes in net assets |
11. | Acquired investments with cash received in item 10. |
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12. | Received tuition revenue from hospital nursing program and cash from sales of goods in the hospital gift shop. |
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